Saudi to provide cash incentives for private sector to hire locals

Pedro Gonçalves
clock • 1 min read

Saudisation has been given a further push as the government announces that it will offer cash incentives to private sector employers who hire Saudis. Under the reform agenda spearheaded by crown prince Mohammed bin Salman, Saudi Arabia aims to  reduce unemployment among Saudis, currently standing at 12.8%, and reduce the public sector wage bill by bolstering private sector employment. Under the programme, the government will offer support for Saudi employees earning between SAR4,000 ($1...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login